Metalloinvest denies rumoured facility

By Michael Turner
31 Jan 2014

Loans bankers in London are assessing the market for a possible pre-export finance facility for Russia's Metalloinvest, after relationship managers in Russia reported that the firm wanted to raise funds.

However, the iron ore producer told EuroWeek on Monday that it was not talking to banks about a new loan.

On Wednesday, lenders in London said they understood that Metalloinvest was seeking to borrow.

“They have about three deals to refinance this year, plus bilaterals,” said a senior loans banker. ...

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